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Let’s see… Bank Holiday – Right after being sworn in, FDR
declared a four day bank holiday and called
Congress for an emergency session (which would
start the New Deal). The first measure was the
Emergency Banking Relief Bill, which provided
203 for the reopening of solvent banks and the
reorganization of screwed up ones, and prohibited
the hoarding of gold. It was still sort of
conservative, though, b/c it left the same bankers
Economy Act – This act balanced the budget by
reducing veterans’ pensions and federal
Fireside Chats – These began in March 1933, and
began with a message urging Americans to return
their savings to banks, which they promptly did.
Beer-Wine Revenue Act – This deflationary
measure imposed new taxes on the sale of
wines/beers. The repeal of Prohibition had been
passed as the Twenty-First Amendment.
Agricultural Adjustment Act – Meant to restore
farmers’ purchasing power, the AAA had the gov’t
pay farmers to reduce the amount of crops sold
(this would increase prices). The support
payments would be funded by taxes on
processors of farm goods. This act raised a lot of
opposition from people urging more money
instead of fewer goods.
Farm Credit Act & Home Owners Refinancing Act
– The FCA provided short/medium loans to
farmers so that they could keep their land, and the
HORA helped home mortgages.
Public Works – The CCC (Civilian Conservation
Corps) put many young men to work, as did the
PWA (Public Works Administration, established
as part of the NIRA) and the TVA.
Federal Emergency Relief Act – This authorized a
bunch of aid money to state/local gov’ts.
204 National Industrial Recovery Act (NIRA) – This
was the AAA for industry, and it established the
National Recovery Administration (NRA), which
regulated business through establishing fair
production codes, limiting production and pricing,
and guaranteeing the right of workers to unionize
and bargain collectively. Federal Securities Act & Banking Act of 1933 –
The FSA enforced rules among brokers, and the
Banking Act set u...
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This note was uploaded on 04/02/2014 for the course APUSH AP United taught by Professor Orban during the Fall '10 term at Harrison High School, Harrison.
- Fall '10